Overview
Work History
Education
Skills
Personal Information
Languages
Hobbies and Interests
Timeline
Generic

ANSON PETER MONTEIRO

Bangalore

Overview

12
12
years of professional experience

Work History

Associate – Global finance ops & Transformation

Swiss Re
Bangalore
12.2023 - Current
  • CSM Management: Calculate and monitor the Contractual Service Margin (CSM), ensuring the correct deferral and release of profit over the coverage period.
  • Executed IFRS 17 Gross-to-Ceded reconciliations, ensuring alignment of BECF premiums, claims, and commissions with treaty terms and conditions to enhance reporting accuracy.
  • Loss Component Tracking: Identify and report on onerous contracts, ensuring immediate loss recognition in the P&L as per IFRS 17 mandates.
  • Dual-Reporting Reconciliation: Perform complex reconciliations between IFRS 17, US GAAP to identify and explain reporting gaps.
  • Streamlined transition of IFRS 17 from 'Project' to 'Business-as-Usual' by standardizing monthly closing checklists and SOPs, improving consistency in financial reporting.
  • TAT Management: Improve Turnaround Time (TAT) for quarterly reporting by utilizing Advanced Excel and Stargate to handle large-scale data sets more efficiently.
  • Systems Integration: Act as a functional expert for Analysis for Excel and SAP Applications to ensure data flows correctly from source systems to financial reports.
  • Variance Analysis: Prepare detailed Analysis of Change (AoC) reports for senior management, explaining the drivers behind movements in the CSM and insurance service results.
  • Acted as primary liaison for internal and external auditors on IFRS 17 methodology, ensuring data integrity and compliance with internal controls.
  • Cross-Functional Liaison: Partner with Underwriting, Actuarial, and IT teams to resolve data discrepancies and incident management tickets.
  • Reinsurance

Analyst – Financial reporting - Insurance

ACCENTURE -AIG
Bangalore
12.2021 - 12.2023
  • Prepared annual financial statements for subsidiary entity for year ending 2021/22, ensuring compliance with IFRS using Excel.
  • Prepared annual forecasts and budgets for Life Insurance and Annuity programs, ensuring alignment with organizational financial goals.
  • Reviewed and analyzed deferred acquisition costs for accurate amortization, contributing to financial reporting integrity.
  • Led the financial review meeting of the subsidiary legal entity for the quarter, providing commentary on both IFRS and US GAAP.
  • Liaised with multiple teams to gather information for comprehensive financial analysis, enhancing data accuracy.
  • Reconciled technical financial figures, including premiums and commissions, to ensure accuracy in management reporting. (Premiums, commission, UEPR and NLI) for Management reporting and ensuring that the balances in all the system interfaces are matching.
  • Performed variance analysis between IFRS and US GAAP to ensure alignment of numbers.
  • Conducted monthly control checks on the trial balance for the balance sheet and profit & loss items.
  • Preparing Notes to Financials and other schedules such as Cash Flow, All Fair Value, DAC.
  • Timely resolution of audit engagement queries, preventing overrun fees for the entity.

Finance Associate – Cash management and Accounting

AXA-XL, a division of AXA
Bangalore
12.2017 - 12.2021
  • Forecasted cash flow for various entities, enabling timely funding for claim payouts.
  • Processed 80+ bank wire transfers in a single business day, facilitating timely transactions and contributing to significant discounts on claims.
  • Conducted bank reconciliations for check-in and concentration accounts, resulting in a 50% reduction of open items through regular follow-ups.
  • Posted bank-related transactions, including check cancellations and intercompany investment transfers, ensuring accurate financial records.
  • Perform month-end FX revaluations, rate validations, and related business controls to ensure accuracy of Treasury entity results.
  • Ensured compliance with US GAAP and SOX by executing controls and maintaining audit-ready documentation.
  • Utilized various bank portals for transaction management and account monitoring, such as Wells Fargo, JPMC, Citibank, HSBC, and TMS tools.

Audit Assistant

RAO & BASRI CHARTERED ACCOUNTANTS
Mangalore
09.2014 - 09.2017
  • Prepared balance sheets and P&L statements using Excel in compliance with statutory requirements, ensuring accuracy for financial reporting.
  • Reviewed and recommended improvements to accounting systems and controls through audits of various branches across southern India, enhancing regulatory compliance.
  • Participated in audits of multistate cooperative societies, charitable trusts, nationalized banks, and manufacturing industries, contributing to comprehensive financial assessments.

Education

MBA - Specialized in Finance

IGNOU
Bangalore
06-2022

B.COM - Specialized in Taxation & Securities Portfolio Analysis

ST. ALOYSIUS AUTONOMOUS COLLEGE
Mangalore
06-2014

PRE-UNIVERSITY EDUCATION - Commerce, Specialized in Basic Math’s & Statistics

St. Aloysius College
Mangalore
05-2011

Reinsurance Professional - Fundermental

Swiss Re Institute
Zurich

Skills

  • IFRS 17 compliance
  • Financial reconciliation
  • CSM management
  • Advanced Excel
  • Variance analysis
  • Financial reporting
  • Cross-functional collaboration
  • Effective communication
  • Cash flow forecasting
  • Data accuracy assurance
  • Systems integration
  • Process improvement
  • Audit liaison
  • Financial forecasting

Personal Information

  • Date of Birth: 08/28/93
  • Marital Status: Single

Languages

  • English
  • Hindi
  • Kannada
  • Tulu
  • Konkani

Hobbies and Interests

  • Reading Books
  • Listening to podcasts
  • Participating in marathon run

Timeline

Associate – Global finance ops & Transformation

Swiss Re
12.2023 - Current

Analyst – Financial reporting - Insurance

ACCENTURE -AIG
12.2021 - 12.2023

Finance Associate – Cash management and Accounting

AXA-XL, a division of AXA
12.2017 - 12.2021

Audit Assistant

RAO & BASRI CHARTERED ACCOUNTANTS
09.2014 - 09.2017

MBA - Specialized in Finance

IGNOU

B.COM - Specialized in Taxation & Securities Portfolio Analysis

ST. ALOYSIUS AUTONOMOUS COLLEGE

PRE-UNIVERSITY EDUCATION - Commerce, Specialized in Basic Math’s & Statistics

St. Aloysius College

Reinsurance Professional - Fundermental

Swiss Re Institute
ANSON PETER MONTEIRO